Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.43 | 0.33% |
| Return on Equity (%) | ▲ | 7.37% | +4.13 | 3.24% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.10 | 3.21% |
| Efficiency Ratio (%) | ▲ | 82.50% | -9.48 | 91.99% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▼ | 1.54% | +0.06 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $124 | +7.48 | $117 |
| Gross Loans ($M) | ▲ | $82 | +10.34 | $72 |
| Loan Growth YoY (%) | ▲ | 74.25% | +5.31 | 68.94% |
| Total Deposits ($M) | ▲ | $108 | +6.38 | $102 |
| Shareholders Equity ($M) | ▲ | $13 | +1.03 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.03 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +1.00 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 74.25% | +5.31 | 68.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.01 | 0.54% |
| Allowance / Loans (%) | — | 1.91% | 0.00% | 1.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.01 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.33% | -1.73 | 19.06% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▃▃▂ | Net Interest Margin (%) | 3.74% | 3.71% | 3.70% | 3.21% | 3.31% | 3.35% | 3.40% | 3.31% |
| ██▇▁▂▃▄▅ | Return on Assets (%) | 1.08% | 1.14% | 1.02% | 0.33% | 0.50% | 0.59% | 0.64% | 0.76% |
| ▁▁▂█▇▆▅▄ | Efficiency Ratio (%) | 77.3% | 76.3% | 78.6% | 92.0% | 88.2% | 86.2% | 85.0% | 82.5% |
| ▁▁▄▅▇█▇▇ | Cost of Funds (%) | 1.30% | 1.32% | 1.44% | 1.47% | 1.55% | 1.61% | 1.56% | 1.54% |
| ▂█▁▁▁▁▁▁ | NPA / Assets (%) | 0.58% | 0.97% | 0.56% | 0.54% | 0.52% | 0.52% | 0.53% | 0.52% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.82% | 0.14% | 0.14% | 0.14% | 0.13% | 0.16% | 0.15% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $11 | $12 | $11 | $12 | $12 | $13 | $13 | $13 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $68 | $69 | $71 | $72 | $73 | $75 | $79 | $82 |
| ▁▂▂▅▇▆▇█ | Total Deposits ($M) | $93 | $97 | $96 | $102 | $105 | $104 | $106 | $108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 21% |